BOTTOM LINE: Gates is just wrong about everything here. He is wrong that energy miracles are needed by the industrialized countries to achieve CO2 levels in 2050 consistent with beating the 2°C target. He is wrong that achieving that target requires focusing on R&D rather than deployment. He is wrong that there is some sort of consensus to that effect. He is wrong that a carbon price isn’t important in achieving the rapid reduction the rich countries need. He is wrong to make it seem like boosting energy efficiency is not as vital a strategy as reducing carbon intensity.